Afin Bank appoints head of treasury and regulatory reporting

Afin Bank has appointed Simon McClean as head of treasury and regulatory reporting.

Simon joins from FCMB Bank, where he was head of treasury, and has previously held senior treasury roles, including responsibility for regulatory reporting, at Bank of London, Wesleyan Bank, AlRayan Bank and Commerzbank.

At Afin he will oversee the continued development of the bank’s financial strategy as it grows its loan book and deposits from savings accounts, along with taking responsibility for Afin’s regulatory reporting requirements.

“It is great to have Simon on board with his wealth of experience in both start-up banks and larger organisations,” said Charles Resnick, CFO at Afin Bank.

“Simon’s knowledge will help us continue to grow our treasury capabilities, as well as ensuring we continue to deliver the reporting requirements in an evolving environment.

“As Afin develops over the years to come, with new products for both our lending and savings propositions, Simon and the rest of the finance team will play important roles in ensuring the bank remains robust and grows safely and effectively.”

Simon added: “What I liked about Afin Bank was its clarity of purpose, that it has been created to fill really obvious gaps in the market and help borrowers who fall into those gaps.

“I also liked the opportunity to start with a blank sheet to build our strategy and systems, with no legacy issues.

“Being in a small and growing bank you get to see everything and work closely with everyone in all departments, from product development through to managing our liquidity. Decisions that are made in treasury impact the entire bank.”